Neverending Story: Inflation

is this technological revolution that is changing the world. And so we're looking at this, um it's like watching paint dry. You don't see it happening, but it's happening. And I'm trying to narrate this for you so you can understand why the world is just so crazy today and how you can understand it, and of course how we can navigate ourselves through this. And so probably the biggest story, that the biggest never ending story, seems to be inflation,

and I want to talk about that. I know I've been talking about it quite a bit, and I'm talking about a bit for a couple of reasons, and I'll break them down real quickly. Uh, First of all, it's a massive, massive problem with massive implications that affects every single one of us. I know for myself, Um, I drive a truck and uh, it's gone up more than double to fill up my gas tank, which is not

too good now. Luckily for me, my commute is very short, just a couple of miles, but I know that here in California some people commute an hour each day or more and that's a big thing. But it's not just gas. I mean it's it's food and so food and energy are the two things that we're really being affected by

the motion. So it's just has massive implications. Now for those that make less money, it affects them even more because the more you make, the less percentage of your total income is taken up by your food and energy. But if you're living kind of paycheck to paycheck, it's mostly just food and energy that you're buying, and it

has an enormous effect on there. The other reason why I want to talk about it is, uh, because it's very misunderstood, and I think intentionally, I think it's intentionally um or I think you're being intentionally misled so you don't understand what the situation is, so you don't place your anger into the right place. But as misunderstood as it might be, the leaders, the powers that be, the ones that are supposed to be driving the bus, they seem to not know anything about what's going on either.

I got some clips I'm gonna play from you about that. So we're gonna look at look at this. I want to explain, really what are the two main drivers of this. So we'll talk about that. Like I said, we'll talk about what's happened in the last couple of years that's really pushed us into this level. Um, that's just unsustainable. Um, talk about what this catalyst is. It's really gonna get the market to drop. Like I said, have some clips I'm gonna play from some of our elected leaders and

non elected leaders what they're saying directly from their mouth. Um, we'll look at ways that you can protect yourself from this. And then I have something that isn't too good, something that the head of the Federal Reserve is saying, and I think if you read through the words of what he's saying, it looks like it could get even worse. So I'm gonna break all that down for you and more.

Here as we're listening to the markma Show talking about the decentralized Revolution, talking about bitcoin, talking about politics, finance and technology, and again talking about inflation but giving you a whole different perspective on it. So the first thing is inflation is very difficult to understand for a bunch of different reasons. I'll make this pretty simple for you. I like to take these complex subjects and make them easy to understand. So um it's it's difficult to understand

because um there's different definitions for it. So um per. The Austrian economics view, inflation is when the money supply increases, so you inflate the money supply and then like prices going up, supply chains breaking down. That's the result of the money supply going up. In today's day and age, typically what we call inflation is prices going up, so asset price inflation or consumer price inflation. So the government reports this inflation or to us it's over eight percent.

That's the CPI Consumer Price Index. So I take a basket of goods, they measure that basket of goods and they see how much those prices go up. The reason why that's a horrible way to look at it is because, um, my basket of goods is different than your basket of goods. Certain things like if if you're trying to buy a house in Austin, Texas, or on the beach in Miami or in southern California, inflation on your home purchase is gonna be way different than your home inflation would be

in Indianapolis or in Kansas City. So it affects us all differently. Also, you may not be trying to buy a home, maybe I am. You may not be trying to go to college or pay for medical care, maybe I am. So certain things like Netflix and uh, you know, Netflix and pizza, those things haven't gone up very much. And if you're not paying for rent, living with your parents,

watching Netflix, eating pizza, inflation doesn't really bother you. But if you're buying home in on the beach in Miami, and you're trying to send your daughter to college, um, then and you and you have medical bills, than inflations hit and you really hard. So you understand, um, Inflation is different all over the place, and it affects us all differently. So that's why it's a horrible way to

look at it. UM. And then why do prices go up? Well, there's a trillion reasons why prices would go up, and so that's why we look at the increase of the money. Supply causes all types of distortions that cause prices to go up. Now, the powers that be again want to intentionally mislead you, and they talk about them in really two main ways. And and and really there's four main drivers, and so you might hear about these so um one

of them is called cost push cost push. So cost push inflation is the decrease in the aggregate supply of goods and services stemming from an increase in the cost of production. All right, So first of all, I'm gonna I'm gonna give you these four drivers, but put just put this in your head. First, all prices drive off of supply and demand. If there's more supply, then there is demand. Prices come down. If there's more demand and there are supply, prices go up. So there are reasons

why supply and demand would be affected. So cost I'm sorry yet, cost push. So when the price of goods go up, when commodities go up, when shipping prices go up, when less people are working, and companies raise their prices, when costs go up, then those those high prices get passed onto you, which you know, the cost of production going up increases the price you're gonna pay. Cost push. Okay, makes sense, It's kind of stupid to explain it, maybe, um.

And the second one is called demand poll, and the demand pulls the increase in accurate demand category categorized by four sections of the macroeconomy, households, business, governments, and foreign buyers. I think it's ridiculous to break it down like this, but demand pull, so when there's extra demand, when there's more demand, there is supply, prices go up. I mean, it's ridiculous to have to break this down, but this is how the government breaks it down, and I think

it's intentionally meant to um confuse you. Now, there's two other contributing factors to inflation that include one an increase in the money supply of an economy and to a decrease in the demand for the money. So an increase in the money supply of the economy. So when you increase the money supply, now you have more money chasing the same amount of goods. So that's demand pull. So they increase the money. All that money creates more demand and it pulls the prices higher. So what we've seen

is kind of two things. So they want to blame it on the supply chains breaking down, for example, So the supply chains breakdown. Less people are working today, for example, they have to pay people more to get them become to work. So that's cost push. That's pushing the expenses up. It's cost pushing the prices up. But it also why is supply chains breaking down? Well, because in the United States,

we're ordering about products than we were before. Why why are we ordering more products because there's so much money, which is increased the demand, So the demand is pulling the prices up, and the cost is also pushing prices up at the same time. Again, just understand supply and demand. So we have a food uh you know, massive food inflation, not just in the States, all over the world. So why are food prices going up because we don't have enough food? Energy prices are going up? Why, Well, we

don't have enough energy. But there's also other reasons. I'm not gonna dig super deep into them, and it's probably for my my next show, but there's also reasons why energy prices are going up, and that's cost push. So regulations that are being imposed on farmers growing food, or on energy companies getting that food out or I'm sorry, the energy out pushes the prices up plus the demand, so there's there's different factors. But the reason why I wanted to break this down to you first is because

this demand pull peace. I'm going to circle back to it at the end, and once I tell you what these people are saying, it's gonna make sense. That's why I want to set that up for you. Um, before we get into that. You're listening to the Markmas Show talking about Bitcoin of the Decentralized Revolution. I got a lot more about inflation. Want to come back in a minute, so do not go away, all right, welcome back. You

are listening to them Arkamas Show. We are talking about the Decentralized Revolution each and every week, talking about bitcoin, cryptocurrencies, of course, politics, finance, and technology as they all merge and they all change around. What is happening right now? And we've been talking about inflation and I'm trying to break down some of the definitions because you're being misled, and then we're gonna circle back to that. But it's no surprise, right Inflation is the high. It's been highest

it's been in forty years, no surprise. Homes are high, gas is high, food is high. Of course, the two main things we need, energy and food are going higher. The one thing to keep in mind is the highest been in forty years? So what's been this high before? Right? No big deal? Yes, But when it was this high before, it was in the eighties, and we had to take massively drastic actions in order to get the price of

inflation to come back down under Reagan. Under President Reagan, the Fed Secretary Fed Treasuries UH Paul Volker raised interest rates drastically to get inflation to come back down. But this time we're in a much different place than we were were before because now we have massive amounts of debt, particularly we have over thirty trillion dollars of federal debt. And the problem is if they raise the rates, the

interest on that debt becomes unsustainable. I mean, it's already usustainable as it is, but it becomes um It could if if we get you know, interest rates over three percent, we could see the interest on that debt becoming more than the tax revenue, the income tax revenue the government receives that would be drastic, that'd be really, really bad, And so we're in a much different place. We didn't have that problem in the eighties, and so those tools that we used to come back back then we don't

have today. But how did we get here? Let's walk through that real quickly. Um, how did we get here? Well? Easy, spending more than you make and living off of credit. If you've ever tried it in your household, it doesn't last very long. You can live off your whole equity line, you can live off your credit cards, but eventually you can't pay those bills and that credit runs out. And

that's exactly how we got here. Like I said before, we've been seeing about a ten pc inflation for the last hundred years, but it's really accelerated over the last two years because of course, the war, the War on COVID, and in order to fight that war, in order to combat the economic and financial effects of the war, the FED did extraordinary measures. And I call it the war because obviously it was a war on COVID, but it wasn't. It wasn't COVID that was the problem. It was the

response to it that was the problem. And so the entire United States economy and global economies were forced to shut down. You had all the small businesses, all the mom pop businesses here in Los Angeles, businesses that have been around families, you know for multiple generations. Um icons, marquee spots in Hollywood gone just out of business. Everyone's just shut down. And so in order to combat that war,

then they introduced a couple of things. One, they brought interest rates to zero ZERP as we call it zero interest rate policies ZIRP. Did that, did that again. They

started unlimited que quantitative easing UM. And then they used that quantitative easy and that that money that monitor that new monetary money that they've created to buy mortgage backed securities, nbs U S treasuries, corporate debt um issued by corporations, corporate debt, e t fs, municipal debts, so that states, counties, things like that, see the certificate of deposits, student loans, and auto loans. So they started all used all this money,

start buying all that up. And the total bill for the FEDS interventions of this were five trillion dollars. Now, if we put that another way, the FED was printing an amount of money equal to Spain's economy every twelve months, and the entire output of their economy we were creating in a thin air every twelve months. Now to put this into uh into something you can understand, because I this is difficult. We throw these numbers around million, billion,

trillion whatever. A trillion, five trillion is five thousand billions or five million millions. It's a lot. And if you laid out five trillion dollars in one bills lengthwise, back to back to back to back, it would go from the Earth to the moon ten times. It's a lot. It's a lot of bills. So they stimulated all the way through the crash, and it wasn't so much even that they stimulated through the crash. The problem was that

they continued to stimulate for way too long. So as the market started to recover, as um unemployment continue to drop, the economy started recover, business started opening back up again, they didn't get their foot off the gas pedal. They kept it going. Now, if you look at a chart of CPI consumer price Index, which is the number the government gives us to measure inflation, you can see that it was going along, going along, and then just started

spiking almost straight up vertical. A chart that would be so simple that a third grader could look at that chart and could go, wait a minute, that's the problem. Look at this number going straight up. You could see that. And what's what's astonishing is that if a third grader could see it, how did the FED nancy it? So? The FED has over four hundred economists pH d s on their payroll, a hundred and fifty research assistance on payroll, have access to the best real time economic data, the

best and the brightest that we can produce. And yet Janet Yelling from the Treasury and j Powe from the Fed, we're both blindsided. They're both blindsided by this. As a matter of fact, let's hear it directly from them. I got a clip here, let's go ahead and play this of Janet Yell and talking about her and Jerome Powell, and I said that inflation would be transitory. What I was not anticipating was a scenario in which we would end up contending with multiple variants of COVID. It would

be scrambling our economy and global supply chains. And I was not envisioning um impacts on food and energy prices. We've seen mm hmm. So they were blindsided. They didn't envision the impacts on food and energy. They didn't think through what would happen if you create five trillion more currency chasing limited goods and services. Again, this is elementary. If you increase the demand and you don't increase the supplier. In this case, you reduced the supply and increase the

demand at the same time. What's going to happen you already know. But of course Jerome Power and Jenny Yellen said, we didn't think through this. We didn't think through what would happen to food. We didn't think through what would happen to energy. And they kept saying, first, it's not a problem, is not a problems, not a problem. It wasn't a problem. We can't we can't get the inflation

we want now. Like I said, if you look at the chart, or you just think through it for a minute, if we increased this money and we decreased the goods and services price go up, anyone could tell you that. An elementary person could tell you this. I had played a clip before on the radio show before We're It was a clip from Oh Christinian and Georgina from the I M. F and it was with her and Jerome Powell and yelling I believe and they were laughing, and Krystellina from the I M S said, UM, I guess

we didn't think through the unintended consequences of this. And then she said, I guess we're sort of like a bunch of eight year olds playing soccer. Instead of covering the field, we just chased the ball around. So she said, we're like eight year olds. But to my point, eight year olds or third graders could have spotted the problem and yet they didn't. UM. I have some more clips that I want to UM play when I get back,

because the story is changing now. It went from not a problem to uh, we have it under control too. It's it's just transitory, and now the whole art of completely change. I'm gonna play these clips. You can hear it directly from their mouth, and then I'll come back to the point we talked about about. Unfortunately, UM the solutions that they have and and they're not good. You're listening to the Mark ma Show. We're talking about the

decentralized revolution. The world is changing because bitcoin and decentralized technology is changing it. We're looking at through the lens of politics, finance, and technology. I'm gonna play these clips, keep digging into inflation so you can understand what comes next. I have that and more when I come back, So don't go away, all right, welcome back. You were listening

to the Mark Ma Show. I'm narrating you through this decentralized revolution, is the world changes from global centrally controlled powers into a decentralized world, which of course is being spearheaded by bitcoin and decentralized technology. And looking at through the lens of politics, finance, and technology. We're talking specifically about inflation and the central planners, the central planners of the Central Bank, and how bad they have screwed this

up in their own words. We just played a clip of Janet Allen talking about herself and Jerome pal and they didn't think through that increasing all this money supply would cause these problems, because nobody understands that if you increase the money supply and you decrease the amount of goods that you get inflation. I guess they don't understand that, which is crazy. But they went from like I said, from it's not a problem too, it's manageable too. It's

just transitory is going to go away too. Oh crap, we have a big problem on our hands. And let's play this other clip here. We have check this out. Um, it's true, Powell indicated himself. Um, both of us probably could have used a better term than transitory. I do expect inflation to remain high, although I very much hoped

that it will be coming down now mm hmm. So they should have used a word better than transitory, like persistent, maybe out of control potentially, or how about our fault me any of one of those words could have could have worked. Um, but no, they just said well it's transitory to like, well, I guess we could have used the better word, and they went from we can manage this, and so this is what you have to pay attention when these people talk. You need to really dissect every word.

It went from we can manage this too, now we hope, now we hope. But it's even worse than that. All right, So now they've they've gone from we can manage it to um, basically lied to you or we didn't know better. So is it a lie or are they really incompetent?

In my opinion, either way, there's a problem if my You know, if if if one of your friends, one of your business associates, your employees, your wife, if they lied to you or they are incompetent, you would probably remove them either way, either way, whether they're incompetent or whether it's a lie. But now they're changing this narrative, so we should hope. But Secretary Yelling came out and said, um, now in a report about a third of US inflation is as a rule, is a result of new and

used cars, all due to the shortage of semiconductors. Really, see now they're trying to shift the blame. They're trying to shift them, and they're trying to change that anybody else. So now a third of the problem with inflation as a result of new news cars. Does the shortage of semiconductors explain the twent you're over your house price increases? Does it? Does it? Does it explain that? Does it explain the food going up? Right? Does it explain the gas going up? With the food and energy? Of the

two big things? Does use cars or semiconductors? Well, first of all, used cars have already been built. Sem semiconductors don't put as many new cars. If there's not many new cars. I guess they buy used cars. That makes sense. But why does food go up? Why does gas go up? Why do homes go up? And the point is it doesn't. The point is it doesn't. So but but my point is of trying to shift the narrative and then the narrative change to senator Senator Elizabeth Warren, who really cares

for little guys. We saw her last Thanksgiving, last November saying, the problem with inflation is these greedy corporations. That's always her line. It's always these greedy corporations trying to take it to you. And of course we need the government to protect us from these greedy corporations. In the last November she said it was the turkey manufacturers. It was

their fault. They're gouging you on the price of turkeys, and somebody, you know, me and the government, we should tell them how to run their business, so they don't. They don't gouge you on turkey. So it went from um, all this money we printed caused the problem. We didn't. We didn't. We didn't think about it. We didn't understand that it would do this. We just didn't think through that too. But don't worry we have it under control, to oh it's transitory, to oh, shoot, it's a problem,

to now blaming it, Oh, it's on semi conductors. And then we have Elizabeth Warren saying it's big corporations. We're reading this quote. Big corporations have been price gouging consumers and using inflation as cover to pump up their profits while Americans struggle with rising costs. How dare they? How dare they pump up profits? Um using inflation is covered. We need to enforce our antitrust laws and crack down on corporate price gouging to bring costs down. She has

she knows absolutely zero. She knows less than zero about economics. One o one, all right, in a free market, you don't have price gouging. If I decide that I want to sell my gas for twenty bucks a gallon and everybody else is selling it for six bucks a gallon, how much business am I going to get? I can't gouge. Right, If if a business wants to gouge you on the price of their turkeys, someone else is gonna sell you turkeys for cheaper. Right, that creates an opportunity. So in

a free market, economics one oh one. We're always looking for that. If someone's charging more, I can charge less. I'm gonna do that. Through competition, prices always come down. We get better products, we get better service, we get better prices. Only through their cracking down does it give the businesses the ability to charge more. So what do

I mean by that? Through their cracking down and passing more laws and regulations, what it does is it protects these big businesses by putting all these barriers, all these gateways, so new competition isn't able to come into the market and compete. It's through their cracking down. They want to spin this narrative that it's the it's the reason why we have inflation. Isn't isn't our policies. Isn't because we didn't think through all the problems. Isn't because we didn't

print five show due. It's because of these corporations. And if you let us as the government have complete control over the economy, then we could magically make the prices better for you. That's what she's saying. So just notice this narrative shifting, and it's shifted even more. And this is one that I just can't get over. If you're not aware. If you're not aware of the White House Press secretary, UM got we had to change over there. I don't I don't know all the reasons Jen Zaki

is not with us. I believe what I've looked into a little bit. We needed more equitable, we need more diversity. So we needed a UM black immigrant, UM lesbian, I believe because we couldn't have a white person in there. So never the case, we hired off of those demographics instead of just trying to find the best person for the job. And so now we have the new White House Press Dietary, Karine Jean Pierre, and now she's trying to tell us a completely different narrative about inflation. Let's

play that. I want to play it directly from her mouth, because you wouldn't believe it if I said it. What we're trying to say, what I'm trying to say to you is that the economy is in a better place than it has been historically. And so we feel here at this administration and other experts as well, is that we feel that we are in a good position to

take on inflation. We are in a good position to really start really working on Wait, um did she say that we're in a better position than we have been historically. Is that what she said? She said, we're in a really good position historically. So remember when inflation was this high and tooth in in UH in the eighties, we didn't have very any debt and we could just raise the interest rates. But today we have thirty one trillion dollars worth of debt with over two hundred trillion dollars

in unfunded liabilities. That's a way better position. That's a way better position. This quarter, the first quarter of two thousand twenty two, we saw growth g d P growth, economic growth go negative. We went from five percent growth to minus one point four percent. That's great historically. I got more stats. If she says that we're in a much better place historically and our economy is in a very good place to take on this inflation, well I got some stats that are going to tell you otherwise.

And we're gonna get back to um what they're really trying to do here, the sinister plan that they have for us, and it goes back to where we started with this demand push m demand pull and cost push. If you understand those two things. When I get to the end, of this, you are going to know what is coming next. And like I said, it's not good, but we just have to pay attention. What are they saying? Each word has been meticulously picked to try to tell

us this narrative, this spin, this narrative. Their their gas lighting you is what they are, their gas lighting them. You're listening to the Markmas Show. We're talking about the Decentralized Revolution, talking about how the world is changing through bitcoin and decentralized technologies, focusing on politics, finance, and technology. I got a lot more to cover when I get back in a minute, so do not go away, all right,

Welcome back. You are listening to the Markma Show walking you through the Decentralized Revolution as this world shifts, as the pendulum swings from speak centralization and back into a much fair, much more organic, and much more decentralized world being spirit headed by bitcoin and decentralized technologies, looking at

through the lens of politics, finance, and technology. And we're talking specifically about inflation and how your leaders who are running supposed to be driving the bus have no clue on what they're doing, per per their own words, that's what they said and their actions prove that as well. So their actions prove it. And they said it out loud. I played you the clips. You heard it directly out of their own mouth. You wouldn't believe it for me, um,

And they said it. And and as I said, either they're completely incompetent, which their actions show and they admit, or they really know what they're doing and they're purposely doing a really bad job. Either way, in my opinion, is grounds for dismissal. Grounds for dismissal. How do they even have a job left? That's what I'd like to know.

Janet Yellen and her husband have a combined a net worth over ten million dollars, despite every single one of her public predictions being completely wrong, since he worked at the San Francisco Federal Reserve Bank and was head of the Federal Reserve and is now head of the Treasury. She's been wrong every single time. And she's a public servant and she's worth over ten million dollars, and she continues to do a horrible job and she still has

her job. Why she's either completely inept or she's evil. Either way, it's a nonstarter for me. Grounds for dismissal. But back to this, last clip that I played of the new White House Press Secretary Kareem Jean Pierre. She came at it from a totally different angle, and this is the important piece. They're starting to pivot, and you need to pay attention to what they're telling you. So she said in the clip that historically, the economy is in a really good place, and we think that we

can just take on the inflation. We're good. We have our economy so strong, we have so much money saved up. Everybody's so rich they can just afford to pay ten dollars a gallon for gas. It's not even gonna matter. That's what she said. That was her words. I played the clip so as I was looking at that, some of the stats so really So let's say historically, so UM and I talked about in the eighties, how Um,

we were able to raise rates to fight inflation. We can't do the day because they we have thirty one trillion dollars of debt. So historically that's really bad, really really bad. Historically, UM, we have GDP Gross Economic Grocery measure the health of the economy by how much it's growing. Remember, money is not wealth. Goods and services are wealth. Right, if we had money on a deserted island, that money is no good to us unless we have goods and services to buy. And so we want to look at

the GDP gross domestic product of a nation? Are they producing goods and services? And then instead of the five percent we were hoping for, it was only negative one point four percent? Negative one point four percent. That doesn't sound very good, does it? Does that sound historically healthy? Histor work in a great way historically in a place that we can take on. Uh, these crazy prices. Let's see exports declined by five point nine exports. Remember, the

wealth is in goods and services. China has been able to grow so wealthy because they manufacture most of the goods, goods and services. Russia, despite all the sanctions that are being done on it, are still is still doing amazingly well because they export the export things that the world actually wants and needs, things like energy, gas and oil, things like food. What does the US have? We have services? We have Facebook, we have Netflix, we have Google. Those

are good services. We have financial services, we export dollars. What else do we manufacture? Now? In all fairness, the United States does does does export a lot of oil and energy as well, but our exports declined by five Does that mean historically that we're doing great well because we're down from where we were, so that that can't be um the economy shrinking and inflation is running hot.

What that means when the inflict when the economy is king producing less good than services, less wealth um and inflation is running at the same time. So economy is going down but prices are going at the same time. That's a very bad predicament to be in. It's something called stagflation. You might have been hearing about this quite a bit lately, and it is not a good situation to be in. And as I've been talking about inflation, stagflation taking hold in the first time since the seventies.

Now why seventies is at well, not why that's what happened, but there's some other similarities that happened in the seventies. So UM energy analysts are predicting that we could have fuel rationing in the United States this year and and even worse, specifically diesel fuel rationing. Now, if diesel trucks are ration on fuel and they don't have fuel to drive around, that's a big problem. But that can't happen in the United States, right, I mean, we're one of

the largest energy producers in the world. How could we run out of gas. That's ridiculous. It could never happen. Well, it did. It happened in the seventies. You'd only be able to fill up your car on certain days of the week. It did happen in the seventies. Now can this be fixed? Oh, I mean it could. Um, you know, we could see them try to pivot back. I mean, basically they do the opposite of what they're doing. Right. The problem is the Federal Reserve is designed for one thing,

and that's too create money. That's the whole purpose of what they created for. Before the Federal Reserve, we had the era of free banking and people could just stand up their own banks and create their own currencies, and they went they went bust all the time, and so the Filer Reserve said, hey, we need to be let's create the fire Reserve and will backstop all those banks and if they go bankrupt, will create money so they

don't go bankrupt. So that was their whole purpose. And as they create this money, they create these distortions in the market, This demand poll situation. Um, and it creates these distortions in the market. So how can they solve this when all they have as a tool is a money printer. It's kind of a problem. So um, right, all they can do is expand the money supply. That's all they can do now, and they want they want

us to believe that that's a good thing. Right, Like a lot of people want to debate this all the time, and you may want to debate this, like, we need the money supply to expand, right, Something like bitcoin could never work because it's a fixed supply. But we can't have a growing economy unless the money supply expans. We have to have the money spy explaining right, well, that's what your textbooks have been telling you first a long time.

Why because that's the policy of the Federal Reserve. Once they want to create money, they can't teach you that creating money is bad. Of course, they got to teach you that you got to expand the money supply. It's not the way it works. We can do a whole another show on that. But basically, think about this. Money is not wealth. Wealth is goods and services. So you take all the wealth, all the goods and services of the world and divided by the money. That's that's how

it works. The money buys the wealth. If you increase the money supply, that's going to push the costs of the supplies up. So either the value accruising the money or the value accruising the wealth. So what does that mean if the if if the money, if I value accrued in the money, that means that money buys you more goods in service in the future. Life would be getting easier for you, all right, But they lie to you, right We need the money spy the experience. And doesn't

they feel good when your asset prices go up? Don't you want your homegoing up? Don't you want your your stocks going up? And so we all cheer for inflation because we want those things to happen. All right, But here's back to the end of FED. FED Reserve Chairman Jerome Powell Warren Thursday that getting inflation under control could

cause some economic pain. Quote. So a soft landing is really just getting back to two percent inflation while keeping the labor market strong, and it's quite challenging to accomplish that right now. End quote. So what he's saying is that to get inflation under control, it was gonna cause economic pain. So let's come back all the way full circle to where we started. Demand push. So, um, there's

two ways to solve this energy and food inflation. If we need to bring energy prices down, in food prices down, what do we need? We need more supply, simple right or or the scary, darker, sinister side. As we could lower demand, we could lower demand. So if we can't bring on the Federal reserve, obviously can't create more energy or food, but they could lower the demand by taking

the money away. If they take the money away, if we push gas up to twenty five bucks a gallon, how many gallons of gas are you gonna be buying every day? Not very many. And so that's the demand push the cost poll. They can't affect the cost the cost poll. I'm sorry, the cost push because energy is what it is. They can't print that, they can't print food. But they can affect the demand side by taking the money out and crashing the economy, which is exactly what's happening.

He says right here. It could cause some economic pain. End quote. So hopefully you understand what is going on the way that we protect ourselves by getting out of that financial system altogether and putting our money into things that can hold up against this inflation that we're facing.

You're listening to the markmas Show. We're talking about um the decentralized Revolution, talking about as the pendulum swinging from a centralized system to a decentralized system, of course, being spirit headed by bitcoin and decentralized technology, looking at through the lens of politics, finance, and technology. If you're not following me on Twitter, you should at one Mark moss I post a lot of this as I'm digging through this on a regular basis, So send me a message there,

let me know you hear me. And that's what I got for you today. All right, thanks for listening.